Edition:
United States

Oleo e Gas Participacoes SA em Recuperacao Judicial (OGXP3.SA)

OGXP3.SA on Sao Paolo Stock Exchange

3.72BRL
11:30am EDT
Change (% chg)

R$ 0.23 (+6.59%)
Prev Close
R$ 3.49
Open
R$ 3.49
Day's High
R$ 3.83
Day's Low
R$ 3.49
Volume
47,100
Avg. Vol
56,616
52-wk High
R$ 19.00
52-wk Low
R$ 3.00

Latest Key Developments (Source: Significant Developments)

Oleo e Gas Participacoes SA's unit reaches agreement with Eneva SA regarding its stake in Parnaiba Gas Natural SA
Monday, 28 Mar 2016 08:38am EDT 

Oleo e Gas Participacoes SA:Says that its unit OGX Petroleo e Gas SA - Em Recuperacao Judicial (OGX ) and Cambuhy I Fundo de Investimentos em Participacoes (Cambuhy) have agreed to subscribe for new common shares of Eneva SA, to be issued within private share capital increase.Says OGX's contribution will correspond to its whole stake in Parnaiba Gas Natural SA (PGN).Says Cambuhy's contribution will correspond to its whole stake in PGN and all convertible debentures of PGN of the 3rd and the 4th issue.Says Eneva SA will run capital increase with private subscription, enabling OGX and Cambuhy to make contributions in the total amount of about 1.15 billion Brazilian reais.Says share issue price is agreed at 0.15 real per share.Says after transaction Eneva SA may increase its stake in PGN to up to 100 percent.OGX has reached agreement with Cambuhy to sell 5 percent of its stake in PGN for 10 million reais.  Full Article

Oleo e Gas Participacoes SA appoints Marcia Lemos Mainenti as CFO
Wednesday, 23 Mar 2016 07:35am EDT 

Oleo e Gas Participacoes SA:Says that its board of directors approved the appointment of Marcia Lemos Mainenti as chief financial officer.Paulo Narcelio Simoes Amaral, who will be succeeded in the CFO position, will remain company's chief executive officer.  Full Article

Oleo e Gas Participacoes SA announces standstill period extention to Oct. 30
Monday, 17 Aug 2015 07:39am EDT 

Oleo e Gas Participacoes SA:Announces standstill period extention to Oct. 30 from Aug. 15.  Full Article

Oleo e Gas Participacoes SA appoints KPMG as new auditor
Thursday, 23 Apr 2015 08:27am EDT 

Oleo e Gas Participacoes SA:Announces it decided to contract KPMG Independent Auditors as auditors of the company, to replace PricewaterhouseCoopers.  Full Article

OGX Petroleo e Gas Participacoes SA and Oleo e Gas Participacoes SA enter into standstill agreement
Monday, 13 Apr 2015 07:43am EDT 

OGX Petroleo e Gas Participacoes SA:OGX Petroleo e Gas Participacoes SA (OGX) and Oleo e Gas Participacoes SA have entered into a standstill agreement with certain consenting creditors.As part of the standstill agreement, the creditors under the DIP facility approved conversion of the DIP facility into common stock of OGX.The agreement includes termination of the lease, operation and maintenance of the OSX-3 and OSX-1 floating production, storage and offloading vessels, as well as the costs involved in the abandonment of the Tubarao Martelo and Tubarao Azul oil fields.The standstill period will remain in force until the conversion of the DIP facility or until Aug. 15.  Full Article

OSX Brasil SA and Oleo e Gas Participacoes SA announce negotiations to stop part of its production
Tuesday, 7 Apr 2015 08:05am EDT 

OSX Brasil SA:Says that on April 7 it has entered in negotiations with both Oleo e Gas Participacoes S.A. – Em Recuperacao Judicial and OGX Petroleo e Gas SA – Em Recuperacao Judicial and also the OSX-1 lenders.The negotiations aim at the interruption of activities in Tubarao Azul field, resulting in the demobilization of FPSO OSX-1.The companies intend to maintain the activities in the Tubarao Azul field until the negotiations are completed and an agreement on the demobilization is reached.  Full Article

More From Around the Web